Tag Archives: Pioneer Investors

Wynkoop Brewing Company: A Pioneer Investor

Last month, I spent a few days in Denver, CO. I was there to attend the North American Meetings of the Regional Science Association International – a scholarly organization to which I belong. On my “to-do” list for this trip was a visit to Wynkoop Brewing Company, which is located in Lower Downtown (LoDo) section of the city. So one lunchtime, with some colleagues, I jumped in an Uber and and headed to Wynkoop.

Among craft beer drinkers, Wynkoop is known for its excellent beers, including its Rocky Mountain Oyster Stout, whose ingredients include freshly sliced and roasted bull testicles. As someone who has been studying the American craft brewing industry for a number of years, Wynkoop is a brewery that I often mention in my academic papers. Very often I mention Wynkoop in tandem with Great Lakes Brewing Company which is located in the Ohio City neighborhood of Cleveland, OH. The two breweries have much in common. Both were established in 1989, and both were what are termed pioneer investors in their respective neighborhoods, playing a key role in their revitalization.

Rocky Mountain Oyster Stout from Wynkoop Brewing Company

In 2000, my colleague Stephan Weiler, a Professor of Economics at Colorado State University published a paper in Urban Studies in which he looked at the role that Wynkoop played in the revitalization of the 23-square block LoDo neighborhood. During the 19th century Lower Downtown emerged as a rail hub, mineral processing, manufacturing and warehousing center. The 20th century brought economic changes and the emergence of new transportation technologies that would supplant the railroad, with the result that “the LoDo industrial area went into decline, as companies boarded up their factories and warehouses. Squatting and crime increased, and liquor stores (along with their entrenched customer base) became the area’s most prominent resource” (Weiler 2000, p. 173). Some of the beers brewed by Wynkoop pay homage to the LoDo’s industrial past or the city’s unique geographical location. So you can sit inside Wynkoop’s taproom and enjoy a Hazy Train IPA, a Rail Yard Ale, or Kurt’s Mile High Malt Lager.

I enjoyed a Hazy Train IPA while visiting Wynkoop

In the mid-1980s, two entrepreneurs, John Hickenlooper and Jerry
Williams eyed LoDo as a potential location for a new craft brewery that they were planning. LoDo’s had what lots of craft brewery entrepreneurs seek out when they are looking for potential brewery space – an abundance of inexpensive large vacant buildings. Hickenlooper and Williams finally settled on the historic J. S. Brown Mercantile Building, built in 1899, as the site for their brewery. On the off chance that you follow Colorado politics, the name John Hickenlooper is probably familiar to you. In addition to being an entrepreneur, Hickenlooper served as the Mayor of Denver between 2003 1nd 2011 and then the 42nd Governor of Colorado between 2011 and 2019. He also sought the Democratic nomination for President of the United States 2019 but dropped out before the primaries. In November 2020, he was elected to the United States Senate.

Wynkoop Brewing Company
Patrons enjoying lunch and a pint at Wynkoop Brewing Company

As noted by Weiler (2000, p. 175), “the first few years of the brewery, though, were indeed a struggle, and were devoted to attracting a regular clientele into the area”. As its reputation grew, however, the number of patrons steadily increased. Not only did the flow of patrons to Wynkoop increase, but so did the flow of other investment dollars into the neighborhood – an antique store, residential lofts and a publishing company soon opened their doors. Additional retail, galleries, and residential properties followed the example set by Wynkoop and other early investors. Today, LoDo is a thriving neighborhood that functions as a mixed-use hub of housing, retail, office, and entertainment spaces. One evening. coming back from dinner, driving through LoDo, my Uber driver said that the neighborhood today was unrecognizable from what it had previously been. The revitalization of LoDo is part of larger planning initiatives being undertaken by the City and County of Denver. Over the years, the City and County have developed a number of plans in their efforts to think strategically about what the city might look like. These include the 1968 Downtown Area Plan, the 2000 Lower Downtown Neighborhood Plan, the 2007 Downtown Area Plan, and the Comprehensive Plan 2040 (adopted in 2019). In 1988 Denver City Council gave LoDo Historic District status, with a view to ” encouraging historic preservation and promoting economic and social vitality ” Today, LoDo’s development is overseen by The LoDo District, Inc., a 501(c)(3) Registered Neighborhood Organization.

A former LoDo flour mill (left) is now residential lofts (right). Source: LoDo

Wynkoop Brewing Company is one of many examples of a brewery that has contributed to the revitalization of an urban neighborhood. Google “breweries revitalizing neighborhoods” and you will plenty of other examples. In some cases, like Wynkoop, a brewery can be the catalyst for neighborhood revitalization. They are the first significant entity to invest in a neighborhood. Such pioneer investors can signal the promise of a neighborhood to other would-be investors. In others cases, a brewery follows other investors and becomes an important piece of the revitalization jigsaw. In contributing to the revitalization of distressed neighborhoods, craft breweries engage in adaptive reuse, thereby breathing new life into abandoned buildings. Thus, all across the United States, we see craft breweries located in what were once were old churches, fire stations, hardware stores, auto dealership etc. Craft brewery entrepreneurs are particularly adept at utilizing what might be thought of as challenging spaces. As noted by Bart Watson, Chief Economist with the Brewers Association, “one of the advantages of breweries is they can go into former industrial buildings or difficult spaces to develop”. Weiler (2000, p. 178) agrees with the assessment. As he notes, “craft breweries are likely to be particularly well-matched with the circumstances of senescent industrial districts, and thus often represent the most promising pioneers”.

My visit to Wynkoop represented another item checked-off on my “breweries-to-visit-list”. I have known about Wynkoop for years and have used it as an example of a neighborhood revitalizer in many of my writings. So it was nice to finally visit and enjoy a taste of their beautifully crafted ale.

Further Reading:

Reid, Neil. 2018. Craft breweries, adaptive reuse, and neighborhood revitalization. Urban Development Issues, Volume 57, pages 5–14.

Reid, Neil, Margaret M. Gripshover, and Thomas L. Bell. 2019. Craft breweries and adaptive reuse in the USA: The use and reuse of space and language. In Brunn S., Kehrein R. (eds.) Handbook of the Changing World Language Map. Springer, Cham, pages 1-19,

Weiler, Stephan. 2000. Pioneers and settlers in Lo-Do Denver: Private
risk and public benefits in urban redevelopment
. Urban Studies, Volume 37, Number 1, pages 167-179.